Eurozone crisis 'real danger' to all Europe: Osborne

22nd October 2011, Comments 0 comments

The eurozone crisis is "a real danger" to all Europe's economies, including Britain, said Chancellor George Osborne as he arrived for crunch EU talks urging a quick fix to the crisis.

"What we're going to be arguing for at this meeting is a comprehensive solution to this crisis. We've had enough of short-term measures, sticking plaster that just gets us through the next few weeks."

As concern mounts that Europe's troubles threaten to drag down the entire world economy, Osborne said: "The crisis of the eurozone is a real danger to all of Europe's economies, including Britain."

"We need to address the root causes of the problem with a lasting solution that will help all of Europe's economies."

Osborne made the statements on arriving for talks between the European Union's 27 finance ministers, held a day after the 17 ministers of the eurozone countries made a mini breakthrough, agreeing to unlock much needed aid for Greece.

Saturday's ministerial talks are being held on the eve of a Sunday summit and hours before President Nicolas Sarkozy and Chancellor Angela Merkel meet in Brussels for crunch talks to smoothe rifts between Paris and Berlin, holding up a lasting solution to the worsening two-year crisis.

© 2011 AFP

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